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SERVICES M&A
M&A: Sales of Businesses
We have extensive experience in mergers and acquisitions ("M&A") in the US and Europe.
M&A deals range from all cash acquisitions of the assets of the operating division of a company (not forgetting assumption of specified liabilities of the division) to acquisitions of all of the stock and options in a company paid for with stock and options in the acquirer.
Various factors impact the structure: for example, during the bubble years, an acquirer's stock trading at an inflated value was the most popular currency, because the aggregate value of the stock paid for the company sounded so high.
Our role is to provide top-notch legal representation from the term sheet through due diligence and the closing. We help you further your interests in the deal while protecting you from its consequences.
NB. One word of business advice: M&A deals are among the most sensitive on a human level, which often receives insufficient attention. Different corporate cultures with different ways of doing business need to be successfully integrated on a human level in order for the deal to reap the benefits that its commercial synergies promise.
Our M&A Role
Our preferred M&A roles are threefold:
1. Smaller M&A deals take almost as much legal effort and time as do their much larger cousins: the due diligence required is essentially the same, for example. Our cost structure, which omits the layers of junior lawyers that characterize larger law firms, is eminently suitable to these smaller deals.
2. In global M&A deals, each country where a business (or other significant assets) changes hands needs its own set of lawyers. Having participated in major M&A deals on both sides of the Atlantic, we are particularly well-placed to serve the participating country M&A lawyer's role in France as part of a US-centered deal.
3. We have represented management founders when their investors sold their company. We believe that such a role should be considered whenever management's participation after the deal is necessary to its success but management no longer controls the company it founded.